Energy

Latest Energy News in Iran – Iran’s economy, while diversified, is still heavily influenced by the state of the oil and gas market. Read more about recent news and developments in the sector here.

Energy

OPEC data shows Iran’s oil output fell slightly in June

IFP Media Wire -
Iran’s oil production declined slightly in June amid Israel’s war against the country, despite an overall increase in output by major oil producers, according to the latest data from the Organization of the Petroleum Exporting Countries (OPEC).
Energy

Iran inaugurates nation’s largest solar power plant amid water, energy challenges

IFP Editorial Staff -
Iran’s largest solar power plant was officially inaugurated in Kuhpayeh, Isfahan, during an online ceremony attended by President Massoud Pezeshkian and senior officials on Thursday.
Energy

Iran begins gas exports from third train of South Pars Phase 14 refinery

IFP Editorial Staff -
Iran has officially begun exporting natural gas from the third sweetening train of the South Pars Phase 14 refinery, marking a new milestone in the country's energy development.
Energy

Israeli drone attack targets Iran’s Phase 14 of South Pars Gas Field

IFP Editorial Staff -
An Israeli micro-drone struck one of the refineries in Phase 14 of Iran’s South Pars gas field earlier Saturday, triggering a powerful explosion and subsequent fire in part of the facility.
Energy

Iran marks 117th anniversary of oil discovery in Masjed Soleiman

IFP Editorial Staff -
Iran commemorated the 117th anniversary of the country’s first oil discovery in a ceremony held Monday, with Deputy Oil Minister Hamid Bourd stressing the pivotal role of exploration in the energy sector.
Energy

Over 21 million liters of smuggled fuel seized in southern Iran port, equal to daily output of refinery

IFP Editorial Staff -
The head of Hormozgan Province's judiciary has revealed the discovery of more than 21.5 million liters of smuggled fuel stored in the southern Iranian port of Kolahi, equating the volume to the daily output of a refinery.
Energy

Iran to launch major oil, petrochemical projects monthly through year-end

IFP Editorial Staff -
Iran’s Oil Minister Mohsen Paknejad announced that starting in June, a major oil or petrochemical project will be inaugurated each month in Iran until the end of the year.
Energy

Iran’s oil exports at $67bn in year to March: Central Bank

IFP Media Wire -
Iran’s oil exports reached a 10-year record in the calendar year to late March, according to figures released by the country’s central bank, despite draconian US sanctions.
Energy

Iran Resumes Exploratory Oil Drilling in the Caspian

IFP Media Wire -
Iran’s Oil Minister, Mohsen Paknejad, issued the order to restart exploratory drilling operations in the shallow waters of the Caspian Sea, in Northern Iran, with the North Drilling Company’s rig being deployed at a depth of 70 meters.
Energy

Iran’s oil minister unveils major reforms to boost private sector participation and investment in energy projects

IFP Editorial Staff -
Iran’s Oil Minister Mohsen Paknejad has announced a series of reforms aimed at facilitating private sector involvement and accelerating investment in the country’s oil and gas industry, as part of the administration’s broader energy development strategy.
Science and Technology

Tehran judiciary employs AI to track financial networks in fuel smuggling cases

IFP Editorial Staff -
Tehran's judiciary has announced the use of artificial intelligence (AI) in tracing the financial networks behind fuel smuggling operations.
Energy

Iran signs 4 oilfield development contracts with Russia

IFP Editorial Staff -
Iran’s Minister of Petroleum, Mohsen Paknejad, announced the signing of four major contracts with Russian companies for the development of seven Iranian oilfields.
Energy

Organized fuel smuggling ring busted in Iran: over 6 million liters seized

IFP Editorial Staff -
Iranian authorities have announced the definitive sentencing of those involved in a massive organized fuel smuggling case involving two foreign oil tankers.
Energy

Iran, Iraq sign agreement for NGL 3100 feedstock supply to border province petrochemical plant

IFP Editorial Staff -
Iran and Iraq have signed a memorandum of understanding (MoU) to supply NGL 3100 feedstock to Dehloran Petrochemical Plant, in western Iranian border province of Ilam.
Energy

Iranian and Iraqi oil ministers sign memorandums of understanding to expand cooperation

IFP Editorial Staff -
The oil ministers of Iraq and Iran signed several memoranda of cooperation to strengthen mutual collaboration during a meeting in the Iraqi capital Baghdad. Iraqi Oil Minister Hayan Abdel Ghani and his Iranian counterpart Mohsen Paknejad also explored future opportunities.
Energy

Iran faces summer power crisis as drought worsens, daylight saving debate reignites

IFP Editorial Staff -
Iran's power grid is under severe strain as a prolonged drought reduces hydropower generation while summer electricity demand reaches record levels, raising fears of widespread blackouts in coming months.
Energy

Official: Iran loses $140 million daily to fuel smuggling as tracking systems fail

IFP Editorial Staff -
Iran is losing between 20-28 million liters of fuel daily to smuggling operations, costing the country $140 million in potential export revenues each day, according to a member of Iran's Anti-Smuggling Headquarters.
Energy

Oil prices sink to lowest levels in four years: Report

IFP Media Wire -
Oil prices plunged Monday, with investors worried about the economic fallout from US President Donald Trump’s decision to impose massive tariffs on America’s trading partners.
Energy

Official: South Pars Complex sent 196 billion cubic meters of natural gas to Iran national grid last year

IFP Editorial Staff -
The CEO of Iran's South Pars Gas Complex says in the Persian year of 1403 (from March 20- 2024 to March 20, 2025), the complex injected over 196 billion cubic meters of natural gas into the national grid thanks to efforts by Iranian specialists at the thirteen refineries of South Pars Gas field in the Persian Gulf.
Energy

Iran begins production from new well in Persian Gulf gas field 

IFP Media Wire -
Iran has started production from the eighth well in Phase 11 of the South Pars gas field, in the Persian Gulf—the largest gas field in the world. The achievement was made possible through the efforts of Iranian experts
Energy

Official: Iran daily gasoline production reaches 120 million liters

IFP Media Wire -
The Deputy Minister of Oil and CEO of the National Iranian Oil Refining and Distribution Company announced that the total daily gasoline production in the country has reached approximately 120 million liters. 
Energy

Minister: Reducing Iran Oil Exports Pipe Dream 

IFP Media Wire -
Iranian Oil Minister, Mohsen Paknejad, emphasized that the US threats to reduce the country's crude oil exports are nothing more than a pipe dream that will never materialize.
Energy

Iran calls on Iraq to counter ‘enemy provocations’ in oil trade

IFP Editorial Staff -
Iranian Oil Minister Mohsen Paknejad, in a phone call on Wednesday with his Iraqi counterpart, Hayan Abdul Ghani, emphasized vigilance against what he called "enemy provocations,” according to Iran's official government news portal.
Energy

Iran intercepts major fuel smuggling involving oil export company

IFP Editorial Staff -
Iranian authorities have seized a ship carrying smuggled fuel in the Persian Gulf in a significant crackdown on illicit petroleum trade.
Energy

Iran to unveil oil investment opportunities as crude output rises

IFP Editorial Staff -
Iran's Oil Minister Mohsen Paknejad announced plans to showcase new investment opportunities in the oil sector, coinciding with increased crude production of 50,000 barrels per day.
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